Ursa Space Systems Inc. (Ursa) has announced their planned expansion to provide the world’s first reliable, global oil inventory coverage.

Ursa Space Systems delivers economic intelligence to decision makers and makes sense of space-based insights for enterprise customers. The company's observations help analysts fill in the gaps when there are no readily-available sources of information and the firm specializes in reliably delivering results on a weekly or on-demand cadence.

The company was founded in early 2015 by leaders in the satellite and computer security fields with the vision of serving customers with valuable insights derived from satellite imagery. Space-based data from radar satellites is used as the source of the firm's reports — information is deliverable about anywhere on the Earth every 12 hours.

Building on their China Oil Storage Report, Ursa is able to now deliver global oil storage reports on a region by region basis, starting with the Caribbean, Middle East/North Africa, and Europe, which are coming online in the coming months.

Ursa’s Oil Storage reports provide comprehensive weekly time series of crude oil stocks down to the tank level for a majority of the inventories on a regional basis. These weekly measurements can be used as an anchor in calculating an “oil balance sheet”, or used as inputs in models that predict the prices of a wide range of commodities, currencies, equities, and other financial instruments. In addition to empirical measurements, Ursa provides contextual information such as tank owner and storage type (e.g., commercial stocks, strategic stocks).

Ursa’s China Oil Storage report is available for immediate purchase, and Beta test opportunities are available for the Caribbean, Middle East/North Africa, and Europe regions. Visit our products page to learn more and request an evaluation here. Contact sales@ursaspace.com for more information.

According to Matt Wood, Ursa’s VP of Sales and Marketing, the global oil storage reports build upon our success with Ursa’s China Oil Storage report released in May was developed in close collaboration with the firm's customers,. These reliable and independent measurement of global oil stocks helps Ursa's customers build a more accurate balance sheet for better insight on oil supply and demand; especially for areas of the world that are opaque.

Colin Fenton of Blacklight Research, LLC, added that energy trading is continually revolutionized by the emergence of technologies that bring new sources of knowledge and efficiency. As the promise of space-based remote sensing marched toward reality, our firm evaluated every competitor in this niche. Ursa is the clear winner. The company's access to Ursa’s data has been a key edge for Blacklight in anticipating shifts in oil market fundamentals and prices so accurately in 2017.